Major Intraday resistance – 120.30
Intraday support- 119.57
CHFJPY is trading between 119.75 and 120.26 for the past two days. It has taken support near 200-H EMA and shown minor pullback. The risk-off mood in global markets as investors are optimistic about the US debt ceiling deal has decreased demand for safe-haven assets like the yen. CHFJPY hits an intraday high of 120.25 and is currently trading around 120.14.
CCI and Woodies CCI analysis-
Both CCI (50) and Woodies CCI are trading above zero lines in the daily chart (bullish trend). In Woodies CCI also six consecutive bars above zero line bullish trend confirmed.
Technically, near-term support is around 119.57 (21-day EMA) and any indicative break below will drag the pair down till 119/118.30/118.
The immediate resistance is at 120.30, any convincing break targets 120.60/121.20/122
It is good to buy on dips around 119.80-85 with SL around 119.30 for the TP of 121.


GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: USD/ZAR edges higher but bearish outlook persists
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 



